Relais Group Plc: Cancellation of treasury shares
Relais Group Plc
Stock Exchange Release 23 December 2024 at 1:20 p.m. EET
The Board of Directors of Relais Group Plc has decided to cancel a total of 71,785 Relais Group shares i.e., approximately 0.40 percent of the total number of the company's shares. 71,735 treasury shares to be cancelled were acquired through the share buy-back program that began on 8 May 2024 and ended on 5 November 2024.
The cancellation is expected to be entered into the trade register maintained by the Finnish Patent and Registration during January 2025. Prior to the cancellation of the own shares, the registered shares in Relais Group totals 18,132,308. After the cancellation has been registered in the trade register, the total number of shares and votes in Relais Group will be 18,060,523.
After the cancellation, Relais Group does not hold any shares in the Company.
The cancellation of the shares has no effect on the share capital of Relais Group.
RELAIS GROUP PLC
BOARD OF DIRECTORS
Further information:
CFO Thomas Ekström
+358 50 381 9751
thomas.ekstrom@relais.fi
Distribution
Nasdaq Helsinki Ltd
Main media
www.relais.fi
Relais Group Plc in brief
Relais Group is a leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We have a sector focus in vehicle life cycle enhancement and related services. We also serve as a growth platform for the companies we own.
We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.
Our net sales in 2023 was EUR 284.3 (2022: 260.7) million. During 2023, we completed a total of four acquisitions. We employ approximately 1,000 professionals in six different countries. The Relais Group share is listed on the Main Market of Nasdaq Helsinki with the stock symbol RELAIS.